Why is NMDC falling/rising?

As of 30-Jul, NMDC Ltd's stock price is currently at 72.05, reflecting an increase of 0.23 or 0.32%. The stock has shown a positive performance today, outperforming its sector by 1.27% and has been on a gaining streak for the last two days, with a total return of 1.48% during this period. However, despite this recent uptick, the stock has experienced a decline of 1.33% over the past week and a more significant drop of 10.22% over the past year. The stock's strong long-term fundamentals, including a high return on equity (ROE) of 27.77% and a healthy growth rate in net sales, contribute positively to its valuation, alongside a high dividend yield of 3.9%. Nonetheless, falling investor participation, as indicated by a significant drop in delivery volume, may be a concern for future price stability.
In the broader market context, NMDC's short-term performance has been relatively better compared to the benchmark Sensex, which has declined by 1.50% over the past week. The stock's year-to-date return of 9.25% also surpasses the Sensex's 4.28% increase, indicating that NMDC has been more resilient in the face of market fluctuations. However, the stock's recent performance is juxtaposed against a backdrop of flat results in its quarterly performance and a decrease in profit after tax, which could weigh on investor sentiment moving forward. Overall, while NMDC shows strong fundamentals and a favorable position within its sector, the recent decline in investor participation and mixed quarterly results may contribute to a cautious outlook among investors.